Mabbs warn of money lenders high interest rates.

The Kerry Money Advice and Budgeting Service is reminding people to think twice before going to money lenders. According to Jerry Doyle of Mabbs money lenders offer an easily accessible and personal service, however they are charging huge rates of interest. He says this can be an expensive time for parents with first communion and confirmation and says they should be careful about getting themselves into debt. Speaking on this mornings Kerry Today Mr Doyle said money lenders are charging APR’s of over 150 per cent